Latest News from IBI
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Five reasons to attend the Boat Builder Awards 2026
The industry’s annual celebration of boatbuilding excellence returns to Metstrade on 18 November, with tickets now on sale
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UK RIB manufacturer enters voluntary liquidation
Debts exceed £4m, leaving all 18 employees facing job losses
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Yamaha reports higher revenues, profits
Yamaha reports higher nine-month revenues and profits as marine earnings surge despite softer US demand and tariff pressures
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Next Yacht Group’s Delmiglio among Forbes Italia’s Top 100 CMOs 2026
Stefania Delmiglio, the executive behind the repositioning of Maiora and AB Yachts, is recognised for strategic leadership shaping two of Italy’s leading yachting brands
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Sirena Yachts appoints new US dealer for southeast expansion
Turkish builder partners with Yachts360 to strengthen presence across Florida and neighbouring states
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Cigarette Racing, Yacht Hub Group form partnership to expand in EU and Africa
YHG to establish Cigarette Racing Europe, overseeing the brand’s development across 70 countries
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Integrel Solutions doubles turnover, hires commercial chief
Hybrid propulsion specialist appoints new commercial chief after turnover doubles and order book hits £7m
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Kongsberg Maritime unveils new logo and brand tagline
New identity marks Kongsberg Maritime’s independence following its demerger from Kongsberg Gruppen
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Caterpillar reports 17% Q3 revenue gain
US engine builder reports record sales in second consecutive quarter with revenues exceeding $20bn
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Cummins reports record Q3 earnings
Strong demand for power generation equipment drives record EBITDA and earnings per share as consolidated revenues climb 13%
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Azimut Yachts deepens ties with Assets Group at Qatar Boat Show
Under new deal Italian yacht builder becomes Preferred Luxury Yacht Partner
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Performance Sailcraft’s Magic expands internationally, opens to other manufacturers
The finance scheme launches in Australia as talks begin with other dinghy and marine equipment makers
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Twin Disc returns to profit with strong Q1
Double-digit revenue growth supports return to profitability as propulsion equipment manufacturer reports stronger demand across international markets
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Malibu Boats posts mixed Q3 as Saxdor debuts and fiscal year shifts
Saxdor and Saltwater gains offset Ski/Wake softness as Malibu transitions to calendar-year fiscal reporting
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KVH narrows Q3 losses as revenues grow
Higher recurring service revenues and LEO terminal sales drive 35% growth, while adjusted EBITDA improves year-over-year
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Lippert reports mixed bag for Q3
Gross profit and margins improve despite lower revenues, as marine sales growth offsets continued weakness in RV markets
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MasterCraft Boat Holdings expands dealer network across five brands
US boatbuilder adds 13 pontoon dealerships alongside new appointments across Europe and North America
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Sunseeker appoints Daren Morris as CFO
Morris succeeds Dean Lawler as the yacht builder strengthens its leadership team for its next phase of growth
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Qatar Boat Show opens with strong regional presence
International and regional yacht brands gather in Doha for the four-day show’s new launches and debuts
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Fiji’s yachting sector delivers FJ$57.4m boost as government weighs reforms
Over 800 yachts visited Fiji last year, generating strong revenue for marinas, boatyards, and island communities nationwide
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FPT joins Confindustria Nautica to boost marine presence
Engine maker becomes member of Italian trade body as it eyes growth in recreational marine segment
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Cox Marine appoints Diesel-Bec as Canadian distribution partner
Cox Marine has named Diesel-Bec Power Solutions Inc. as its new distribution partner in Canada, strengthening the diesel outboard manufacturer’s sales, service and customer support capabilities in the market.
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Spanish boat sales growth slows to 5.5% after October dip
Spanish recreational boat registrations ease as charter market continues to outperform wider sector, ANEN data shows
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EBI welcomes EU tourism strategy boosting nautical tourism priorities
Strategy tackles boating licence recognition and marina investment, strengthening Europe’s tourism position
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Pegazus Boats expands fishing range as European yacht demand stays soft
The builder is promoting its new 500 Bow Rider with another premiere set for 2027
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Voyage Yachts expands fleet with new owner-focused cruising catamaran
The Voyage 511 is ready to be laid up in the moulds at the Cape Town yard
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BBA 2026: Inside the race for this year’s Rising Star
IBI takes a look at the finalists going head-to-head for this year’s title
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Electric WaterCraft Forum unites marine electrification community
The inaugural Maine event draws 125 industry professionals to drive innovation, policy and future projects
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Revenue down, profitability up for MarineMax
US marine retailer, marina and yacht services company reports net loss of US$13m in final quarter as publicly traded company
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TISG shares suspended as board backs SRI Global’s €220m rescue bid
Trading in The Italian Sea Group halts on Milan Euronext ahead of the next Florence Court hearing, scheduled for November 11
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Colombia Náutica returns with Caribbean growth plan
Cartagena show targets emerging Latin American market with four-day event combining business and lifestyle boating
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Ferretti Group reshuffles technical and operational functions
Latest changes follow on from marketing and communications restructure
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Qatar Boat Show opens at Old Doha Port with over 100 exhibitors
This is the first of three regional shows being held over the coming weeks
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Dubai Boat Show announces 2027 dates
This year’s postponed show prepares to open in three weeks’ time with 300 direct exhibitors already signed up
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Bahrain’s first annual membership boat club opened through new partnership
The Captain’s Club partners with Masar Group in new Bahrain venture
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Paramount Yachts secures first US sale of Sunreef Ultima 88
Florida family to take delivery of catamaran in December 2027, with shallow draught suited to Bahamas cruising
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Omaya appoints exclusive dealer for Italy and Switzerland
Bulgarian cat builder expands into two key European markets
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Maxwell Marine strengthens Italian superyacht business with new hire
Daniele Toretta will drive OEM and refit business across Italy’s superyacht sector
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Kicker Marine Audio enters supply agreement with Caymas Boats
Kicker will be the standard audio offering on the Caymas DV series
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Pendry to open first dedicated yacht club as centrepiece of Barbados resort
Pendry Yacht Club will offer 110 berths for vessels up to 80ft, anchoring the group’s new luxury development ahead of its late 2027 opening
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TISG opts to move forward with SRI Group Global’s €260m binding offer
Vincenzo Poerio, set to lead SRI’s bid, is expected to step down as CEO of Tankoa
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Princess Yachts appoints first Georgian distributor
Crystal Yachts Georgia takes on sales and aftersales support for the UK builder, as Batumi emerges as a growing yachting hub on the Black Sea
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BSI Rigging appoints senior sales manager
Neil Brinsdon joins the Danish firm, bringing over three decades of industry experience
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US AGOA exit pushes South African boat exports into higher tariff bracket
The planned US withdrawal of AGOA trade preferences from January 2027 would raise tariffs to 14-15%, though trade talks continue
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Ferretti restructures marketing and communication operations
New structure will oversee the full customer journey, strengthen international presence, and boost operational efficiency
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Marsh & McLennan acquires US boat insurance specialist
Financial terms of the Triton Insurance Agency acquisition were not disclosed
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Hong Kong doubles down on luxury yachting with twin November showcases
The Lantau Yacht Club’s Festa Nautica will follow on from the new Festival of Connoisseurs show this week
News
Startup x Investor Day returns to boot Düsseldorf for 2027
Yachting Ventures and EBI will bring founders, investors and industry leaders together
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